* The BSE index falls 0.26 percent to 19,340 and the
NSE index is down 0.3 percent to 5,882.75, on
* India's 50-share index has been trading in the "overbought"
territory, with its 14-day relative strength index around 70.
* Asian shares were steady near 16-month highs on Thursday,
supported by hopes that U.S. lawmakers will reach a compromise
to avoid the so-called fiscal cliff of year-end tax hikes and
spending cuts which threaten to push the U.S. economy back into
* Leading the falls Infosys drops 1.8 percent while
Tata Consultancy Services is down 1.6 percent on
Cognizant Technology Solutions Corp SEC filing.